Best Bank - Ecuador

Nov 1, 2010

Ecuador’s Banco Pichincha has been busy expanding within and beyond the country’s borders. At the same time, it has been able to keep its financial indicators in line with or better than that of the banking system as a whole.

The trend is expected to
continue. "In 2010 we expect Ecuadors GDP to grow between
2%-3% and in 2011 it should expand around 4%, which will
certainly help Pichincha grow," says vice president Jorge
Chiriboga. He adds that higher GDP growth could also translate
into more demand for credit.